Ganesh Infraworld IPO is a ₹98.58 crore book-built issue, comprising entirely of a fresh issue of 118.77 lakh shares. The IPO is open for subscription from 29 November 2024 to 3 December 2024, with the allotment expected to be finalised on 4 December 2024. The shares are set to list on the NSE SME platform on 6 December 2024.
The price band for the IPO is ₹78 to ₹83 per share, with a minimum application lot size of 1,600 shares. Retail investors are required to invest a minimum of ₹1,32,800, while HNIs must invest in at least 2 lots (3,200 shares), amounting to ₹2,65,600.
Vivro Financial Services Private Limited is acting as the book-running lead manager for the issue, with Link Intime India Private Ltd as the registrar. Rikhav Securities serves as the market maker for the IPO.
Industry Outlook
- India's infrastructure capital investment is projected to grow at a CAGR of 11.4% (2021-26), with ₹11.11 lakh crore allocated for FY 2024-25.
- FDI inflows in construction (infrastructure) stood at US$ 33.91 billion (April 2000-March 2024), showcasing strong global investment interest in India’s infrastructure sector.
Ganesh Infraworld IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- To meet long-term working capital requirements; and
- General Corporate Purposes.
About Ganesh Infraworld Limited
Incorporated in 2017, Ganesh Infraworld Limited is a leading construction company specialising in industrial, civil, residential, and commercial buildings, as well as road, railway, power, and water distribution projects across India. The company provides comprehensive EPC (Engineering, Procurement, and Construction) services, including planning, design, execution, and material supply for civil, electrical, mechanical, and industrial projects.
Key Business Segments:
- Civil and Electrical Infrastructure: Projects include residential and commercial buildings, electrification of substations, power distribution lines, and installation of heavy machinery in power stations.
- Road and Rail Development: Expertise in road construction and overhead equipment (OHE) installation for railways.
- Water Infrastructure: Projects like pipelines, pumping systems, water treatment plants, and reservoirs, including participation in the "Har Ghar Jal Mission."
The company operates in 13 states with 41 active projects valued at ₹57,485.53 lakhs as of August 2024. Its clientele includes Magnum Ventures, Raikela Iron Ore Mines, JD Cables, and more, supported by a dedicated team of 42 employees.
How To Check the Allotment Status of the Ganesh Infraworld IPO?
A: Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How to apply for Ganesh Infraworld IPO online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Ganesh Infraworld IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Ganesh Infraworld IPO
Registered office: Godrej Genesis, Unit No. 906, 9th Floor, Street No. 18, Block - EP & GP, Sector - V, Salt Lake, Bidhan Nagar CK Market, North 24 Parganas, Saltlake 700 091, West Bengal, India
Phone: +91-33 4604 1066
E-mail: cs@ganeshinfraworld.com
Ganesh Infraworld IPO Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
1600 |
₹132,800 |
|
Retail (Max) |
1 |
1600 |
₹132,800 |
|
HNI (Min) |
2 |
3200 |
₹265,600 |
Ganesh Infraworld IPO Reservation Details
|
Investor Category |
Shares Offered |
|
Anchor Investors |
32,03,200 (26.97%) |
|
Market Maker Shares |
11,87,200 (10%) |
|
NII (HNI) Shares |
16,04,800 (13.51%) |
|
Retail Shares Offered |
37,44,000 (31.52%) |
|
QIB Shares Offered |
21,37,600 (18%) |
IPO Financials Performance of Ganesh Infraworld Limited
| Particulars | Five months period ended August 31, 2024 | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
|---|---|---|---|
| Revenue from operation (in ₹ lakh ) | 21,065.82 | 29,033.71 | 13,349.18 |
| Profit After Tax (PAT) (in ₹ lakh) | 1,537.20 | 1,554.47 | 520.92 |
| Total Borrowings (in ₹ lakh) | 1,033.02 | 3,072.42 | 708.96 |
| Net Worth (in ₹ lakh) | 6,617.24 | 3,720.04 | 1,515.22 |
| NAV (in ₹) | 21.45 | 13.55 | 5.52 |
| PAT Margins (%) | 7.24% | 5.33% | 3.86% |
| Cash and Cash Equivalents (in ₹ lakh) | 1,878.78 | 560.88 | 8.10 |
| Earning Per Share (EPS)-in absolute ₹ | 4.98 | 5.66 | 1.38 |
Know before investing
Strengths
6Strong order book with ₹57,485.53 lakhs in ongoing projects.
Proven execution capacities enable repeat orders from large EPCs.
A diverse project range mitigates industry-specific risks effectively.
Experienced management led by industry veterans Vibhoar Agrawal and Rupkumar Bhattacharyay.
Significant revenue growth, achieving a CAGR of 90.22% (2022-2024).
Geographical expansion increases order size and mitigates regional risks.
Risks
6Concentrated projects in West Bengal risk policy or economic shifts.
Over-reliance on repeat orders from large engineering construction companies.
High working capital needs; short-term borrowing at ₹1,033.02 lakhs.
Seasonal variations may disrupt project schedules and cash flow.
Order Book not guaranteed income; ₹57,485.53 lakhs potentially unstable.
Significant revenue from few clients; top five contribute 78.13%.
